But is it a 3% gain if we include the costs? Or would it actually be cheaper to just hire humans with the money going to tokens?

And guess what humans even learn, get better and might bring more value in the future.

Yes, and this is a policy failure.

...that's a totally different argument right?

This is not true. Batteries are cheaper than peaker power plants using fossil fuel. They also allow the operator to fulfill market demands at the minute level versus the hours previously that it took to turn on a peaker plant.

This is being done at scale in California and Texas.

interesting, so most power in Texas at night comes from batteries?

Fore more than 2 hours capacity, batteries are expensive than most other and cost keeps increasing as more hours of capacity needed. Without gas or coal to burn when 1hr battery capacity runs out, battery storage is expensive.

Are you saying that the cost/MWh of battery storage goes up the more batteries are installed?

It's simple power vs energy equations. Let's say you need to supply steady 1MW to town for 1hr, 2hr or 10hr. This needs total of 1MWh 2Mwh or 10Mwh respectively. Let's say battery would cost $200/kwh, then this would cost 200k, 400k or 2M resp. Battery storage is generally used for less than 2hr duration currently where they are price competitive. For the rest, either gas peaker, coal or hydro is used.

This is the exact scenario they are being used in at scale. The company removes their gas peaker plant infrastructure and replaces them with batteries. Already have the grid interconnect and now can dispatch power on the millisecond level instead of hour level.

My solar panels amaze me every day. It is just crazy that a flat panel, that doesn't have any moving parts, and requires a once a year cleaning (at most), just eliminated my power bill completely.

The amazing bit is the Sun it gets its energy from.

Doesn't make the solar panel(s) any less great to have though.

He's a twat so its totally on-brand.

They have to say this because we know how to value a satellite and space company (aka at 1/100th of their offering price).

The market can stay insane longer than you can stay solvent.

In the short term the market is a popularity machine but in the long term it is a weighing machine.

You're repeating tired quotes without even understanding what they mean. The quote "longer than you can stay solvent" refers to short selling. Here you are using it in the opposite context: to describe a long position. It makes no sense. How exactly would a non leveraged long position get margin called?

If the scales are only checked after the heat death of the universe, does it even matter?

If the market can’t actually detect crooks and charlatans until long after they have stolen investors money, its ability to be “correct” is worthless.

> If the scales are only checked after the heat death of the universe, does it even matter?

This is the kind of thinking that points to that reckoning moment being close.

This and people buying stock with borrowed money*

> in the long term it is a weighing machine.

This has not been the case for a long time.

What do you suppose is BTC's correct valuation? How about TSLA?

> > in the long term it is a weighing machine.

> This has not been the case for a long time.

I think this comes down to a disagreement about what "long term" means. In finance, I would suggest a _lower_ bound on long term is 10 years. More comfortably, I'd suggest something like 20-30 years. This is long enough to ride out most depressions, and it is still fits within a persons working life-time. It also roughly matches the scale at which people should be planning for retirement and long-term care (imagine if you started your retirement planning just 10 years from retirement, it would be very difficult). So I think neither BTC's not TSLA's hype has reached long-term yet. They have been around long enough to meet some of these timelines, but the excessive hype really hasn't been so long -- maybe 5 years or so.

Can we stop just repeating quotes like those over and over. If you have thoughts, please articulate them, its pretty frustrating to see the same exact quotes repeated over and over whenever there is a submission stock related

It’s not and I won’t

You’re doing pretty good!